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HomeMy WebLinkAboutIR 6932 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 6932 �►,P T 1 AEO April 17 1984 p E fORl� To the Mayor and Members of the City Council p ► �TfXA�. Subject: TENTH YEAR COMMUNITY DEVELOPMENT BLOCK GRANT BUDGET eT� The City of Fort Worth has been notified by the U.S. Department of Housing and Urban Development that the City will receive an additional $246,500 in Tenth Year Community Development Block Grant (CDBG). funds. This increase is above the amount that was presented to the City Council in Informal Report No. 6907. On April 9, 1984, the Community Development Council(CDC) recommended that the additional funds be allocated to the following line items in the Tenth Year CDBG budget: 1) Poly Child Care $ 8,950 2) Tree Removal 55,000 3) Home Improvement Program 182,550 These recommendations have been included in the CDBG budget that is before the City Council today. The Community Development Council further recommends that the City Council consider waiving the policy which reduces the Fort Worth Economic Development Corporation's1984-85 budget by 15%. The CDC cited equity between the Minority Procurement Program and the Fort Worth Economic Development Cor- poration as a reason to request the waiver. If additional information is desired, it will be provided upon request. Robert L. Herchert City Manager RLH:j c J ISSUED BY THE CITY MANAGER — FORT WORTH, TEXAS